Lundin Gold shares hit 52-week high on new Fruta del Norte drill results

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The Fruta del Norte deposit is currently estimated to contain an inferred resource of approximately 11.6 million tonnes averaging 5.69 g/t gold, containing 2.13 million ounces of gold.

A total of 18,340 metres of underground drilling across 88 drill holes has been completed, the results of which, according to Lundin, will improve confidence in and further support the geological model and assist the company in preparing an update to the current mineral reserve and resource estimate at Fruta del Norte.

The conversion drilling targets the southern extension of the deposit, with numerous drill holes returning high-grade intercepts associated with a hydrothermal alteration zone. Notable intercepts include 12.57 g/t over 101.3 metres, 10.76 g/t over 163.2 metres, 12.67 g/t over 98.3 metres and 17.93 g/t over 51.45 metres. These results confirm that the mineralized zone extends a further 300 metres past the current Fruta del Norte…

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